In response to:

Minimum Wage, Maximum Foolishness

FletchforFreedom Wrote: Mar 08, 2013 12:55 PM
When anyone comes across an economic illiterate claiming that workers are at a disadvantage and that there is no free market for labor because employers have all the power, suggest that they read the research of economist William Boal before making such uneducated claims and making such fools of themselves. The best is perhaps “Monopsony in the Labor Market" (with Michael Ransom) published in the Journal of Economic Literature in March 1997. The liberal calim has been completely (and repeatedly) disproved by actual research.

Should the federal government make life more difficult for low-skilled workers?

I hope everyone will emphatically say “NO!”

Heck, most people understandably will think you’re crazy for even asking such a preposterous question.

But some of those people will also think that it’s a good idea for politicians in Washington to make low-skilled workers less attractive to employers by raising the minimum wage.

I often ask such people whether they are more likely to buy a Big Mac if McDonald’s raises the price by 24 percent. They say they are less likely.

Minimum Wage Cartoon 2